THE NATIONS: Temperature Down

The fever chart of Big Power relations
looked better last week. In Germany especially, distrust subsided. The
conquerors were learning more about one another. They seldom liked what
they learned, but unpleasant knowledge was less harmful than febrile
suspicion.

Steel and Friendship. U.S. Economist Calvin Hoover's recent
recommendation that Germany be allowed to keep much of her heavy
industry had an unexpected effect. When the U.S. press denounced the
Hoover report, the Russians realized the extent of U.S. sentiment for a
"hard" peace. In the subsequent efforts to set a temporary level for
annual German steel production, the Russians and Americans...